The club are struggling with excessive debt, including a sizeable sum owed in tax.
“Either we reach an agreement with the tax authority before the end of the year or we go into administration. We cannot wait any more,” Lendoiro said.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.